Amazon CEO Andy Jassy meets Modi, commits $48 billion investment

Amazon CEO Andy Jassy met Prime Minister Narendra Modi earlier today in New Delhi and said the company is committing USD 48 billion investment over the coming five years.

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The investment plan includes an additional USD 13 billion investment to expand the company’s AI and cloud infrastructure in the country by 2030.

This takes Amazon’s total planned investment in expanding and supporting AI and cloud infrastructure to over USD 21 billion between 2026 and 2030, establishing it as one of the largest global AI and cloud infrastructure investors in the country, Amazon said in a statement.

The investment will expand AWS data center capacity in Mumbai and Hyderabad, giving startups, enterprises and government organizations access to custom AI chips, managed AI services, secure and reliable cloud technologies and developer tools to innovate faster, scale rapidly, and serve customers globally.

Amazon’s cumulative investments in India from 2010-2030 stand at over USD 88 billion.

Amazon will continue investing in the operations network powering its ecommerce and quick commerce business. The company plans to launch more than 20 new fulfillment centers and over 100 new last mile delivery stations this year, bringing faster and reliable deliveries to customers nationwide, especially in tier 3 and 4 cities, offering the full spectrum of fastest speeds and largest selection with delivery in minutes, hours, and next day.

The company has also announced ‘Sammaan’, a dedicated program focused on the welfare of tens of thousands of delivery associates powering its ecommerce and quick commerce network.

Jassy thanked Modi for his leadership and highlighted the growing importance of India, where Amazon operates several businesses including ecommerce, AI and cloud, and entertainment among others.

He noted that the company’s India business is on a strong growth trajectory with strong customer demand especially in its ecommerce and AWS business. Since its launch in India, Amazon has digitized 12 million small businesses, enabled over $20 billion in cumulative ecommerce exports, and supported 2.8 million jobs.

Amazon has also trained over 10 million Indians on cloud skills.

In line with the government priorities, Amazon will continue its strong focus on AI-led digitization, export growth, and job creation. The company has pledged to support 3.8 million jobs, USD 80 billion in cumulative exports, enabling AI benefits for 15 million small businesses, and AI education for 4 million government school students.

“We came to India over a decade ago and have since been serving customers, sellers, developers, start-ups and enterprises through our different businesses. The response has been tremendous, with strong growth especially across our ecommerce, AI, and cloud businesses. As we grow Amazon in India, our business priorities continue to align with India’s priorities of democratizing access to AI, digitizing small businesses, creating jobs, and enabling exports,” Jassy said in a statement.

“A great meeting with Mr. Andy Jassy. I welcome Amazon’s record $48 billion investment in India. This will create new opportunities for our youth. At the same time, it shows the growing interest across the world to invest in India!,” Modi said in a post on X.

For more details read: https://www.aboutamazon.in/news/company-news/andy-jassy-modi-amazon-investment-48-billion?utm_source=social&utm_medium=ceo&utm_term=48b-investment

 

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